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AI Stock Sell-off Hits Asian Markets: China's CSI 300 Index Posts Largest Monthly Drop in Over a Decade, Hong Kong's Hang Seng Index Rises Against the Trend
China's CSI 300 Index fell 1.4% on Friday, impacted by a global sell-off in AI stocks. It recorded an 8.5% decline for the month, its largest monthly drop in over a decade, and its longest losing streak on record (down 15% over 12 weeks). The Shanghai Composite Index and ChiNext Index also saw significant declines. Meanwhile, Hong Kong's Hang Seng Index bucked the trend with a 1.5% gain, and the Hang Seng Tech Index edged up 0.3%.
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